Skip to Main Content
Commercializing Blockchain
book

Commercializing Blockchain

by Antony Welfare
July 2019
Intermediate to advanced content levelIntermediate to advanced
352 pages
8h 59m
English
Wiley
Content preview from Commercializing Blockchain

1Introduction to Blockchain Technology

Welcome to the world of Blockchain technology, which I fundamentally believe will change our businesses and lives forever.

Let us start by understanding what Blockchain technology is and where it ‘fits’ into the current world.

Blockchain technology is a type of ‘distributed ledger technology’ which looks to share data and transactions across a number of different places. Unlike traditional databases, distributed ledgers have no central data store or administration functionality. A ledger is a record of data, which can be any data you wish to store and share. This ledger is tamper-proof and the data is encrypted for security.

Blockchain Technology Definition

Simple definition in nine words:

‘Trusted and efficient way of sharing data and transactions’

And a longer definition:

‘Blockchain technology can be viewed as a distributed ledger of information, which maintains a continuously growing list of records, called blocks, secured from tampering and changes.

Each block contains a timestamp and a link to a previous block. This means that blockchains are inherently resistant to modification of the data – once recorded, the data in a block cannot be altered retroactively.’

What Are the Reasons Why We Have Blockchain Technology? ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

The Real Business of Blockchain

The Real Business of Blockchain

David Furlonger, Christophe Uzureau
Blockchain

Blockchain

Melanie Swan
Blockchain

Blockchain

Matthieu Quiniou

Publisher Resources

ISBN: 9781119578017Purchase book